Algerian President Abdelmadjid Tebboune recently addressed several pressing issues affecting the country and the region. He emphasized that the recent coup attempt in Niger was a provocation to Algeria, coming just after a visit by the Nigerien Prime Minister to Algiers. The Algerian leader revealed that his country had sent military planes to Niger to counter the coup attempt, citing the involvement of parties that had overstepped in their plans.
On the economic front, President Tebboune highlighted Algeria's efforts to diversify its revenue streams beyond hydrocarbons. He expressed confidence that the country's foreign exchange reserves would increase significantly in the coming years, as part of its drive to achieve economic independence. This push for economic diversification is part of a broader strategy to reduce Algeria's reliance on oil and gas exports.
President Tebboune also touched on the issue of food prices, which have been a concern for many Algerians. He argued that most farmers were not responsible for the rising costs of vegetables and fruits, stressing the need to protect the purchasing power of citizens. The President urged those who had profited from the situation to take responsibility for managing their own affairs.
In a separate development, President Tebboune announced that his administration had taken decisions to suspend several local officials, citing the end of an era for certain individuals, including former leaders like Kaid and Bachagha. This move is seen as part of a broader effort to shake up the country's political landscape and address issues of corruption and inefficiency.
The President also spoke about Algeria's digital transformation, noting that the country had made significant progress in this area. He credited this progress with helping to uncover various forms of economic malpractice that had previously gone undetected. Algeria's advancements in digitalization have enabled it to better monitor and regulate its economy.
On the international stage, President Tebboune discussed Algeria's relations with other countries, including Iran, Russia, the United States, and China. He emphasized that Algeria would maintain its friendships and partnerships with these major powers, without compromising its sovereignty or independence. The President described Algeria's approach as one of balanced engagement with the international community.
Finally, President Tebboune reiterated Algeria's commitment to being a responsible player in the global energy market. He assured that Algeria would not engage in any reckless behavior that could disrupt oil supplies, adding that the country would adhere to any agreements reached with other producers. The President's comments come amid ongoing efforts to stabilize the global energy market and address concerns about supply and demand.
Key points
- Algeria's President Tebboune says recent Niger coup attempt was a provocation to his country.
- Algeria is working to diversify its economy beyond hydrocarbons to achieve economic independence.
- President Tebboune emphasizes Algeria's commitment to maintaining good relations with major powers, including Russia, the US, and China.
